Short Interest in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Declines By 43.7%

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 56,674 shares, a drop of 43.7% from the June 30th total of 100,576 shares. Based on an average trading volume of 323,644 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MYI. Trust Co. of Vermont purchased a new stake in BlackRock MuniYield Quality Fund III during the 4th quarter valued at $25,000. CoreCap Advisors LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III in the second quarter worth about $25,000. Geneos Wealth Management Inc. bought a new stake in shares of BlackRock MuniYield Quality Fund III in the first quarter worth about $42,000. EverSource Wealth Advisors LLC purchased a new position in BlackRock MuniYield Quality Fund III during the 1st quarter valued at about $44,000. Finally, Elyxium Wealth LLC purchased a new position in BlackRock MuniYield Quality Fund III during the 4th quarter valued at about $69,000. 34.01% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Stock Down 0.2%

Shares of MYI traded down $0.02 during trading hours on Thursday, hitting $10.74. The company had a trading volume of 247,395 shares, compared to its average volume of 252,461. The stock’s 50 day moving average price is $10.93 and its 200 day moving average price is $10.96. BlackRock MuniYield Quality Fund III has a 52-week low of $10.27 and a 52-week high of $11.46.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.0555 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.2%.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.